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Great Falls Co.'s bank reconciliation as of February 28 is shown below. Re Bank balance + Deposit in transit Outstanding checks Adjusted bank balance $37,643
Great Falls Co.'s bank reconciliation as of February 28 is shown below. Re Bank balance + Deposit in transit Outstanding checks Adjusted bank balance $37,643 2,950 -1,730 $38,863 Multiple Choice Book balance Note collection Check printing Adjusted book balance One of the adjusting journal entries that Great Falls must record as a result of the bank reconciliation includes: $38,153 +745 -35 $38,863 Debit Note Payable $745; credit Cash $745
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